This book was the first in a major series examining Global Economic
Institutions and contrasts regional economic integration in the
Asia Pacific Region and in Europe. In the Asia Pacific Region at
the time of publication, regionalism was developing by means of
'open regionalism', constructed through the APEC (Asia Pacific
Economic Cooperation Process). This was different from the
regionalism which had developed in Europe, through the construction
of a single European Market and Monetary Union within the European
Union. In the light of this contrast, a number of important
contemporary policy questions are considered by an international
team of contributors. How should Europe and other parts of the
world respond to the development of open regionalism in the Asia
Pacific Region? Can these regions develop a shared global agenda
directed toward sustaining genuinely multilateral solutions to
international trade policy problems?
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